Asian ABS: $10-15/mt down amid weaker China domestic
markets- Weaker
domestic China supplies prices- Sources
expect demand to recover in SeptemberAsian Acrylonitrile-butadiene-styrene
prices were assessed down by $10-15/mt on the week at $1,500-1,540/mt CFR China
and lowered by $10-15/mt at $1,550-1,580/mt CFR Southeast Asia on July 27. The international market
heard the offer steady at $1520- $1530/mt CFR China to forward August arrivals
while the buying signal was heard at $1450-1480/mt. Despite the lower ABS operation rates, trade volume remained
low. The prompt delivery price in China's
domestic market was Yuan 11,775-11.825/mt (on July 27), or $1,460-1,466/mt if
you use import parity. Market sources
predict that demand will rebound from September due to the Christmas demand and
China-US Trade talks to remove tariffs. This will increase demand for the final
good. On July 27, the Asian ABS...